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? >> that's right. the fiscal cliff could cause the economy to shrink and destroyed hundreds of thousands of jobs. the question is, can the lame- duck congress prevent that from happening? the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an end to tax breaks for business. democrats will not raise taxes on -- >> i have a spouse who is underemployed. i have one that will be graduating in may. it is people who are trying to find jobs i would be more concerned about. >> not to mention the new debt ceiling deal is said to cut hundreds of government programs including the defense budget and medicare. >> we need to try to get some stuff done. >> the gross domestic product would gr
will meet with several ceos to talk about the economy and the deficit. he will then meet with congressional leaders on friday. there 48 days to come tax increase and deep spending cuts would take affect. of course abc 7 oppose a lot coverage of the news conference starts at 1:30. our senior reporter scott thurman will be there. watch for his report tonight on abc 7 news at 5:00 p.m. the david petraeus scandal sure to cause some questions for the president. and the woman at the heart of this scandal. >> in new developments as we wait for the president to speak on the issue we learned, david petraeus will testify about the attack there in libya, no date has been scheduled. much of the focus remained on his personal life and the affair that brought down his cia career. >> on capitol hill congress is hoping to learn more about the widening scandal involving david petraeus and general john allen. lawmakers want to know if his affair was with paula broadwell. or a female extenders' created any threat to national security. >> it is very important that they do look into this. >> leon panetta says
that are behind these numbers relate primarily to the all know the economy is still sluggish. but there is improvement. >> aaa estimates that gas prices will be about the same as last year. hotel prices will be similar to 2007. the busiest travel day will be wednesday, coming home will be sunday and monday. united states airways holiday travel schedule courtesy of their flight attendants. this ahead of a strike vote, and next wednesday at of the holiday rosh. employees are angry at contract regulations. >> prepared by years of the red line crash. red line could soon be automated again. their report in the automatic train operation will resume on the red line december 1. that is supposedide a smoother ride, but crash avoidance system failed and that 2009 fort totten crash that killed nine people. >> coming up abc 7 news at noon, and new discovery could help shed light on why some you will get parkinson's and others to not. and it could include head injuries. >> and a man set up an automated way to deliver a message from even from beyond the grave. >> and the decision is made o
Search Results 0 to 2 of about 3